This combination allows you not only to save on interest
while repaying your credit card debt, but also earn some cash while making your everyday purchases.
Not exact matches
While it can work for the best, consolidating
credit card debt with another
credit card can be detrimental to your
credit score if you do not have a reasonable plan for
repaying the full balance of the consolidated
cards.
Even if your intentions are to use the money to
repay debts, many people who do this continue to generate high - interest
debt on
credit cards or other large purchases and spend unnecessary money on wasted refinancing fees
while still losing equity in their home.
Credit cards are both a blessing and a curse for some people because
while they allow items to be purchased and
repaid over time, this can end up creating a slippery slope of
debt.